Global X Competition
| COPP Etf | 47.20 -1.62 -3.32% |
Global X and Mackenzie International Correlation Snapshot
Very poor diversification
COPP currently posts a 0.83 correlation with QDXH, indicating a Very poor diversification relationship for the active sample. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
Moving together with Global Etf
Investors who believe in mean reversion view Global X's price extremes not as permanent states but as temporary dislocations that create opportunities for disciplined, contrarian capital allocation.
Global X Competition Correlation Matrix
Competition correlation for Global X Copper matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. The useful question is whether competitors are behaving like true alternatives or simply tracking the same sector move with different volatility.
High positive correlations
| High negative correlations
|
Global X Constituents Risk-Adjusted Indicators
Strong stock returns do not always mean Global X ETF is outperforming its peers on a fundamental level. A thorough review of Global X's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INOC | 0.59 | 0.09 | 0.21 | 0.57 | 0.63 | 1.52 | 3.86 | |||
| CARS | 1.34 | 0.04 | 0.00 | -0.04 | 0.00 | 2.48 | 8.81 | |||
| HBGD | 1.80 | 0.15 | 0.11 | -4.51 | 2.00 | 3.55 | 11.86 | |||
| DRMD | 0.61 | 0.06 | 0.10 | 0.02 | 0.94 | 1.14 | 4.39 | |||
| NRGU | 2.34 | 0.96 | 0.36 | -11.94 | 2.27 | 5.11 | 10.45 | |||
| PAYF | 0.35 | -0.05 | 0.00 | 0.32 | 0.00 | 0.72 | 2.09 | |||
| RPD | 0.62 | 0.14 | 0.16 | 0.18 | 0.95 | 1.13 | 4.38 | |||
| HCON | 0.28 | 0.01 | 0.00 | -0.05 | 0.00 | 0.61 | 2.35 | |||
| QDXH | 0.42 | 0.05 | 0.08 | 0.03 | 0.78 | 1.40 | 4.46 |
Global X Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Global X Competition Peer Performance Charts
How to Analyze Global X Against Peers
Global X's peer analysis compares Global X with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Global X trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Global X leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
The competition view for Global X includes correlation data, showing which peers are financially similar and which ones move together in the market. Valuation premiums or discounts for Global X become more meaningful when measured against the peer group rather than in isolation. Competition analysis can clarify whether Global X is priced richly or cheaply relative to similar exposures.
This section for Global X Copper is built from fund disclosures and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules.